Press release
Strategy Consulting Market Size is Expected to Reach USD 384.13 Billion at a CAGR of 13.5% by 2028 - Report by Introspective Market Research
The Global Strategy Consulting market was valued at USD 158.31 billion in 2021 and is expected to reach USD 384.13 billion by the year 2028, at a CAGR of 13.5%
The majority of consultants view strategy consulting as the most "high-end" and prestigious area of the professional services sector. It is also referred to as strategy consultancy, strategic advisory, or boardroom consulting. Organizations frequently work with strategy consultants for assistance in constructing and implementing business strategies, which are defined as "a plan to realize long-term goals." The area of strategy consulting is centered on assisting clients in the private sector with the creation of corporate, organizational, or functional strategies as well as assisting institutions and organizations in the public sector with economic policy.
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Market Dynamics:
Driver:
As companies prioritize increasing productivity and decreasing costs, strategy consulting will likely continue to be an essential component of the professional services industry, with many potential benefits for companies. Risk and uncertainty are two threats to the business that can have a significant impact on its operations. Disruptive technologies or new entrants into the global market pose a risk to conventional business practices. To manage business operations and effectively run the organization's operations, strategy consulting is crucial. Due to the growing demand for business digital transformation and the global increase in SMEs, businesses are becoming more aware of the benefits of outsourcing strategy consulting. Additionally, since the majority of SMEs lack consulting divisions, strategy consulting is becoming more and more popular all over the globe.
Opportunities:
Artificial intelligence and automation, two disruptive technologies, have become very popular in the consulting industry and are essential to three areas: information, streamlining administrative tasks, and increasing productivity. The first benefit of integrating AI technology into consulting processes is that it makes it easier to collect a lot of unstructured data from different business areas, including marketing, sales, and finance. For consultants and marketers to find new revenue streams and create successful marketing and advertising campaigns, this data is necessary. Second, through automation techniques like robotic process automation, businesses can carry out a variety of tasks like generating and offering invoices, matching incoming payments with the appropriate invoice, and record keeping.
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Market Segmentation
By Type
• Corporate Strategy
• Business Model Transformation
• Economic Policy
• Mergers & Acquisitions
• Organizational Strategy
• Functional Strategy
• Strategy & Operations
• Digital Strategy
By Application
• IT & Telecommunication
• Healthcare
• BFSI
• Retail
• Manufacturing
• Others
Regional Outlook of Strategy Consulting Market
The strategy consulting market is expected to be dominated by North America, which is expected to hold its dominance over the forecast period. The presence of a highly skilled workforce, as well as early adopters of technology and increased investments to implement sustainable development initiatives by companies, are some of the factors boosting the growth of strategy consulting sector. The United States accounted for about 20% of the global strategy consulting market share. During the forecast era, Asia-Pacific is expected to be the fastest-growing area. Emerging economies like China, Japan, and India are rising at a faster rate, adding to the Asia-Pacific market's expansion.
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Players Covered in Strategy Consulting market are:
• Deloitte
• BCG
• Bain & Company
• KPMG
• McKinsey & Company
• Booz Allen Hamilton Inc.
• CGI Group Inc.
• PwC.
• CSC and among others
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities by Segment
3.1 By Type
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Strategy Consulting Market by Type
5.1 Strategy Consulting Market Overview Snapshot and Growth Engine
5.2 Strategy Consulting Market Overview
5.3 Corporate Strategy
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Corporate Strategy: Geographic Segmentation
5.4 Business Model Transformation
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Business Model Transformation: Geographic Segmentation
5.5 Economic Policy
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Economic Policy: Geographic Segmentation
5.6 Mergers & Acquisitions
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Mergers & Acquisitions: Geographic Segmentation
5.7 Organizational Strategy
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2016-2028F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Organizational Strategy: Geographic Segmentation
5.8 Functional Strategy
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size (2016-2028F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Functional Strategy: Geographic Segmentation
5.9 Strategy & Operations
5.9.1 Introduction and Market Overview
5.9.2 Historic and Forecasted Market Size (2016-2028F)
5.9.3 Key Market Trends, Growth Factors and Opportunities
5.9.4 Strategy & Operations: Geographic Segmentation
5.10 Digital Strategy
5.10.1 Introduction and Market Overview
5.10.2 Historic and Forecasted Market Size (2016-2028F)
5.10.3 Key Market Trends, Growth Factors and Opportunities
5.10.4 Digital Strategy: Geographic Segmentation
To Be Continue…
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